And Another Thing…

I’m still catching up from a short break followed by a business trip so this is brief. I would encourage anyone who believes that the chat room issues we continue to deal with as an industry were not cultural to read the charges against RBC and TD Bank by the Ontario Securities Commission. The documents […]
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And Finally…

I have been away from the FX world for a week looking at strange fish, playing golf and trying my hardest to ignore the “real world”. Therefore, while I catch up on a week’s emails and stories, I will point you in the direction of a webcast and transcript of a session I moderated recently […]
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And Finally…

Following a recent podcast someone asked me why I thought the FCA’s recognition of the FX Global Code in the UK was so important, as I had stated. I won’t bore you with the full answer – it seems pretty clear to me that if a regulator is going to be guided by the Code’s […]
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And Another Thing…

A fair bit has been made of the latest FX committee turnover surveys showing an increase in activity during a month in which people broadly experienced the opposite. Looking at the FX platform data and April was the worse month of the year thus far for everyone save 360T and Refinitiv non-spot products – and […]
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LSEG and Refinitiv: Deal of the Century or Disaster Waiting to Happen?

Galen Stops gives his take on the five key questions to be asking following the announcement of LSEG’s proposed acquisition of Refinitiv. The news that London Stock Exchange Group (LSEG) is set to acquire Refinitiv in a deal worth $27 billion certainly caused a lot of excitement and intrigue within the financial services industry when […]
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And Another Thing…

In what can only be described as a plea for sanity, this very brief column has only one message – get over it people! In an absolute shocker (yes, that is sarcasm), a group of banks are being sued in the UK over FX manipulation and the use of chat rooms. This seems to have […]
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And Finally…

I think it is fair to say that the London Stock Exchange Group was the dark horse in the chase to buy Refinitiv, after all, LSEG has a long and no-so-proud history when it comes to M&A – over the years it has been mentioned as a buyer of Icap, NEX Group and Deutsche Borse, […]
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And Another Thing…

What to make of the latest round of FX turnover surveys? Obviously the “big daddy” of them all is due in just over a month’s time, but historically the FX committee surveys have done a good job of reflecting what is happening in the world, so why, when so many people are bemoaning the lack […]
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Atlas Bank Eyes a New Model for FX Clearing

Galen Stops takes a look at how Atlas Bank is taking a new approach to prime banking and clearing processing in Latin America’s FX markets. Atlas has been around for quite some time now, and in fact has a long history in the FX industry. The group initially formed in 1994 with the launch of […]
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UK Execution Data Returns to Trend, but Concerns for Single Dealers?

Within the UK’s FX Joint Standing Committee (JSC) report on FX turnover, the data on execution styles suggests a return to trend on the part of the channels through which participants are trading. The last two reports from the UK have been notable for a significant surge in spot business executed via the voice channel, […]
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